Core Viewpoint - Tianjin Development (00882) announced the sale of 100% equity in Baili Financing Leasing Co., Ltd. for RMB 265 million (approximately HKD 294 million) to Tianjin State-owned Capital Investment Operation Co., Ltd. This transaction aligns with the company's strategy to focus on core business operations and improve asset efficiency [1]. Group 1: Transaction Details - The seller, Tianjin Taikang Investment Co., Ltd., holds an 82.74% stake in the subsidiary being sold [1]. - Baili Financing Leasing primarily engages in financing leasing, leasing services, and related business consulting, which are considered non-core activities for the group [1]. Group 2: Strategic Implications - The sale is part of a broader strategy to concentrate resources on core business areas by gradually reducing investments in non-core operations [1]. - The board believes that this divestment will enhance operational efficiency, optimize resource allocation, and strengthen cash flow for the group [1].
天津发展附属拟2.65亿元出售百利融资租赁全部权益